Vedanta, the asset 'ragbag' of the mining world

A less-than-favourable description of mining giant Vedanta in today's Financial Times may offer a useful explanation as to why it is one of the morning's biggest fallers.

A less-than-favourable description of mining giant Vedanta in today's Financial Times may offer a useful explanation as to why it is one of the morning's biggest fallers.

The FT described the stock as "a ragbag of assets, funded by a lot of debt and not a lot of their own equity," in its explanation of why the firm has continued its "dogged pursuit" of oil firm Cairn India.

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